Kenyan governor points to financial inclusion success

October survey shows 67% of adults can access formal financial services

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The Central Bank of Kenya

The Kenyan financial system has grown "tremendously" over the past five years, due to greater financial inclusion and expanding capital markets, according to Central Bank of Kenya governor Njuguna Ndung'u.

In the central bank's financial sector stability report for 2013, published today, Ndung'u spoke positively about the stability and growth of the sector, for which he credits a series of "major reforms" undertaken by the country's regulators.

According to a survey released in October 2013

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